cl, oil, day trading for Mar 2nd 2020today looking at a bottom side consolidation that needs to break for directional info, however the range is wide so some very good inside trades can be had today, so follow the impulses.
Oil(wti)
cl, oil, day trading for Feb 28th 2020Today will tell a interesting oil tale on where oil wants to go, so will be watch the red zone for my first clues. Has been a wild week and we could stall for a chop today but be ready to respond to a big reaction.
We are still under the short line from yesterday so still leaning short.
oil, cl, day trading for Feb 26th 2020oil is finding new lows it has not seen in a very long time and for now will not post any lower targets below the ones on the chart, however look out below if the blue lines do not hold.
Will be seeing if the up side can gain any strength today on inventory numbers at 10:30
USOIL AnalysisHello traders,
Here's my analysis for USOIL, you could follow this buy limit signal that I will be taking.
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BUY LIMIT
LIMIT ENTRY: 49.75
SL: 48.90
TP1: 50.60
TP2: 51.00
EXPIRATION: 7 days
ESTIMATED TIME OF COMPLETION:
15-20 days (Use Low Risk)
cl, oil, day trading for Feb 25th 2020today will be watching the red zone and the first blue target zones, I feel no clear direction until the first blue zone is broken. I will be looking at inside trading as long as this wide area is in tact.
cl, oil, day trading for Feb 24th 2020we have had a good sized move to the bottom of the big multi day range and will test that range to see if a move to teh lower targets is going to happen. I am thinking it will.
Watch red zone and impulsive action and trade accordingly.
WTI OILProjected buy / sell entry with targets.....Currently OIL is taking support @ weekly S1...Breaking previous week low should take it to next support. Break about previous resistance above weekly CPR can reach weekly R2
cl, oil, day trading for Feb 21st 2020Oil has been moving down back into the top of the prior multi day range and this red bottom is an important level to watch to know if the buyers step in or just let it go back into that prior consolidation. For today at least oil is giving a look that the up move is tired and does not want to push much higher.
So I will be looking for smaller choppier trades or a break down into lower areas. I do keep my mind open to being wrong and am always ready to go long in this situation if the buyers show up and push hard to the up side.
cl, oil, day trading for Feb 19th 2020 watch today my es charts are on April and usoil on TV does not look to be on the same expiry period.
Yesterday has a fantastic accumulation and unless we can move back into the prior distribution oil looks like it wants to go higher. The early session high (red top) will be the clue as to if this happens today.. Move down I think would get back into some choppy stuff.
WTI: just some infosHi Guys,
Please add your comments and if you have any questions please do not hesitate to ask.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
oil, cl, day trading for Feb 18th 2020Oil has a big red zone with close targets so a trade taken inside the red zone and see if it can break out of the zone for a bit better profit will be my primary focus today. This market is still in a big consolidation and has failed to keep moving higher so my bigger picture is still to see further weakness.
Commodities Pick Up With Natural Gas Leading The Charge +5.6%Headlines:
- Commodities Pick Up with Natural Gas Posting its Best Start to the Week in Months
- European Stocks Inch Higher During Session on Backs of Chinese Stimulus Talks
- Eni Announces Discovery in the Sureste Basin off the Coast of Mexico
Long-term BUY trade in WTI CRUDE OIL spotted at strong support!Oil is currently at a strong support at the bottom of the channel. Price tried to break but pulled back in showing nice strong support. Let's see if the forex gods will let us ride this price movement back to the top of the channel. Good Luck!
oi, cl, day trading for Feb 14th 2020Today we test the top side of the big range mentioned yesterday, so we are at a very important level, a level that will help show the going forward path. A solid rejections probably takes us down to range bottom, not saying in one day. And now a break above with buying will have a move to 53 and then we see if consolidates or keeps going.
USOIL - tremendous gain is aheadAll minimum downside targets were reached as wave Y of (B) tagged former low and it is longer than wave W. See related chart about drop.
Almost perfect flat has been built in wave (B).
I think the wave (C) could emerge now.
Buy trigger is above the recent top of $52.20
(C)=(A) target is located at $73.50 - huge gain.
Besides that (C) could tag the former top of $76.88 - extra gain.
Risk/reward is around 1:6.
Commodities See Quiet Asian Session with Crude Futures up +0.1%Headlines:
• Woodside Petroleum Maintains its Grasp of its Senegal Oil Field Stake After Arbitration Tribunal
• Asian equities finish the Week Higher with ASX200 Leading Asia Up +1.5% for the Week
• Commodities See Quiet Asian Session with Crude Futures up +0.1% & Gold Flat
cl, oil, day trading for Feb 13th 2020 we are in a big range and will widen the red zone to the outside of this consolidation and until we move out of this range will look for small trends inside the big range, and no clear direction until this clears this zone. That said the down side looks the most likely in the big picture.
cl, oil, day trading for Feb 12th 2020oil is off to a bullish start heading for the top of the big range I have mentioned a few times. The first targets are close to the current action to see if oil can push past where some selling is likely to happen. This is either a look for buyers and in that cause we find them or we do not. If they are found a good sized up move could be coming and top of range of 52 is very possible. and if the buyers do not jump on board then a rejection back into the prior days range is my second trade idea.
Brent Sell Video Follow-up!This is a follow up video to the trade idea we released not long ago on shorting BRENT.
The Risk/Reward is high... 4+! and the releated post explains more!
oil, cl, day trading for Feb 11th 2020Oil is in the same positions as yesterday so will link that post, however oil staying below 51 I say keeps us only trading the bottom part of the range. And a move above 51 takes us tot eh top of the range close to 51.50. I will not get to bullish on oil anytime soon.
cl, oil, day trading for Feb 10th 2020today the early session is setting up my boundaries very well, I do however have a light red zone for short at 49.8, and this could take s right past red low to the prior range bottom. In the event we break that low I then will look for targets, until then i have no values lower.
Oil is and has been trading in a larger range from 49.5 to 51.90 and until this is cleared i expect we stay put and if this info remains correct then I think early on today will set up a in range long side trade.
